CPA Practice

APRIL 12, 2023

By Blake Oliver, CPA, and Chris Vanover, CPA. CPAs have always been passionate about numbers, using various metrics such as revenue, profit, headcount and realization to measure success. However, this focus on numerical indicators is contributing to the decline of the CPA profession itself.

Account 136

Account accountant accounted Education 136

Going Concern

SEPTEMBER 1, 2022

Last week, we published a letter written to Fortune by a former CPA who pivoted to driving 18-wheelers and found far more career happiness than he ever would have in accounting (good for him). Accounting and being a CPA have been the worst personal decision and professional organization I’ve been a part since passing.

cpas 98

cpas cma Real Estate accounting and finance 98

CPA Practice

JANUARY 10, 2024

LeaseCrunch optimizes lease accounting processes for CPA firms by automating calculations and the required deliverables. The solution allows firms to streamline operations, save time, reduce errors, lower costs and simplify compliance with the new lease accounting standards.

cpa firm 52

cpa firm CPA accounting standards Technology 52

Going Concern

MAY 19, 2023

GC ] Benjamin Wann, CMA, CSCA, MBA, PMP, CPA wrote a little something about the thing we all love to hate. Each received the same set of questions, aimed at measuring what share of crypto’s upper echelon employs a third-party auditor and has an independent board. Chinese companies switch auditors to avoid U.S. or Singapore.

auditor 101

auditor audit accounting and finance South Carolina 101

Going Concern

APRIL 7, 2023

Big Four Auditors and Consultants Need Liability—And a Divorce [ Bloomberg Tax ] Part of the problem is the revolving door of personnel between the major accounting firms and the banks they purport to audit. and overseas” seeking further explanation about the auditor’s opinion. Flexibility is your policy.

auditor 103

auditor chartered accountant audit accounting and finance 103

Going Concern

MAY 13, 2024

’s top accountant is confronting a competitive job market by rethinking the company’s traditional reliance on large CPA firms as a training ground for new hires, taking her recruiting pitch on-campus instead. In 2018, she was recognized as a Fellow by CPA Ontario. Forbes wants you to meet America’s Top 200 CPAs 2024.

Oregon 78

Oregon Account accountant accounted 78

CPA Practice

SEPTEMBER 19, 2023

There is no need to alert this audience to the acute shortage of CPA talent. But it’s still worth underscoring how important it is for CPA firm leaders to closely monitor the job satisfaction of these precious resources — especially at a time when many of these professionals might be thinking about making a job change soon.

cpa firm 110

cpa firm CPA accounting and finance Virginia 110

Going Concern

JANUARY 29, 2024

NYSSCPA CEO Calvin Harris, CPA said in a column for CPA Journal : But the winds of change have long been upon us. This is part of why New York Governor Kathy Hochul’s recent signing of “non-CPA ownership” into law is such a big deal. More on the New York non-CPA ownership bill. Let’s read a little bit.

auditor 52

auditor cpa firm Account accountant 52

Going Concern

MARCH 22, 2024

The decision was backed by a partner vote, following a first three years dominated by efforts to repair the firm’s reputation in the wake of a series of scandals. She made general manager at 29 with a CPA [ eFinancialCareers ] Many young professionals begin to eye managerial posts as they approach their 30s – but Shanny Lee (CPA, Aust.)

Minnesota 96

Minnesota cpas audit CPA 96

CPA Practice

MARCH 21, 2023

AuditClub, a collaborative “Audit Service Center” for CPA firms and companies, has introduced AuditClub One, a in order to address the talent exodus and pipeline problems prevailing throughout the profession. Accountants are leaving corporations and audit firms in record numbers, as they reevaluate what they want from their careers.

auditor 52

auditor cpas audit cpa firm 52

AdviceForTaxpreparers

SEPTEMBER 8, 2020

by Bill Meador, CPA, JD. My name is Bill Meador and I am writing a book to help tax staff succeed in a public accounting firm tax department. Having been a CPA since 1992, I have been through more tax seasons that I want to remember. Bill Meador, CPA, JD. Latest posts by Bill Meador, CPA, JD ( see all ).

tax preparation 246

tax preparation Tax cpa firm CPA 246

CPA Practice

AUGUST 9, 2023

AuditClub, the Audit Service Center for CPA firms and companies, has launched a new alliance model designed to connect tax and non-attest accountants with AuditClub One assurance professionals to improve service delivery options to clients. “In As a result, Lighthouse has become a one-stop shop for all accounting related services.”

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audit Account accountant accounted 52

CPA Practice

NOVEMBER 15, 2023

The American Institute of CPAs and the Chartered Institute of Management Accountants, which together form the Association of International Certified Professional Accountants, are offering a virtual conference on sustainability and environmental, social and governance matters this December.

auditor 52

auditor cpa firm cpas CPA 52

Going Concern

SEPTEMBER 6, 2023

Rather, how dueling factions within the profession are fighting for and against keeping it as the only option to CPA licensure. To summarize most of the article: barrier to entry, US workforce hemorrhaged 334,000 accountants and auditors in two years, pipeline pipeline pipeline, blah blah. Apparently South Carolina has joined them.

Minnesota 110

Minnesota South Carolina auditor CPA 110

Going Concern

FEBRUARY 3, 2023

Ironically, Ergo’s auditor is Mazars, a big rival of Grant Thornton among the second tier of Irish accounting firms. Grant Thornton were auditors until McCann became Ergo’s chairman in 2015. When I went on the board here we had to resign as auditors.” The number of non-CPA professionals employed by the St.

cpas 110

cpas quickbooks accounting and finance North Carolina 110

Anders CPA

JULY 24, 2023

One of the very first steps you need when hiring of a qualified benefit plan auditor is to prepare a thorough request for proposal (RFP) which will allow you to have all the information you need to make an informed decision about the value and qualifications that an auditing firm will bring to your 401(k) plan.

audit 52

audit auditor cpa firm CPA 52

Going Concern

SEPTEMBER 29, 2023

CPA Exam Friendly reminder, deadlines to apply for BEC before the new exam in 2024 are quickly approaching. CPA Exam Candidates: You Better Hurry Up and Apply For BEC Before It’s Gone Forever Also, WTF? CPA Exam Candidates: You Better Hurry Up and Apply For BEC Before It’s Gone Forever Also, WTF? Did Exam Costs go up?

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auditor audit New York CPA 103

CPA Practice

APRIL 11, 2023

Brian Yujuico has been named vice president and senior chief auditor at AuditClub, the Audit Service Center and creator of the innovative auditors-as-a-service model. In this newly created role, Yujuico, a Certified Public Accountant, will oversee day-to-day activities of the growing team of chief auditors, crew and cadets.

institute of chartered accountants 52

institute of chartered accountants auditor audit chartered accountant 52

Withum

DECEMBER 12, 2023

Certified Public Accountants (CPAs) are the trusted providers of most companies for financial auditing and have been supporting the assurance of non-financial ESG and climate information for decades. Regulation: Many of the world’s most far-reaching climate regulations require assurances from pre-approved third-party auditors.

audit 59

audit cpas Account accountant 59

CPA Practice

FEBRUARY 28, 2023

The American Institute of CPAs (AICPA) and CPA.com announced its 2023 Startup Accelerator cohort at a kick-off meeting held at AICPA headquarters in New York. Audit Sight – The company’s platform eliminates manual work for auditors, diligence and private equity providers by automating financial transaction verification.

E-commerce 52

E-commerce Technology Texas cpa firm 52

Going Concern

JULY 7, 2023

Fixing the Crisis in Accounting [ The CPA Journal ] Related to the above post: Individuals, companies, and professional organizations need to be more intentional in getting young people excited about joining the accounting profession. Success in the accounting profession requires significant investments of time, dedication, and perseverance.

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audit Account accountant accounted 99

Going Concern

FEBRUARY 8, 2023

Just last month, I was contacted by a mid-size CPA firm that had won a slew of new business and was looking to hire 16 auditors and a high-level manager to run the audit team. As of the second quarter of 2022, there were more than 466,000 accountants and auditors in Mexico while the U.S., And they needed this team fast.

accounting and finance 91

accounting and finance accounting firms Finance Account 91

Going Concern

MAY 5, 2023

Entry-level CPAs in advisory practices are making $11,000 more than CPAs starting out in audit and tax, and $20,000 more than non-CPAs in advisory. The report says CPAs are generally paid more than non-CPAs, but the pay gap between the two shrinks when moving from entry-level to the manager level.

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audit cpas auditor Mississippi 107

Going Concern

SEPTEMBER 15, 2023

Audit Comments Raise Concerns About PCAOB’s Proposal To Expand the Scope of Audits and the Role of Auditors [ JD Supra ] In June 2023, the Public Company Accounting Oversight Board (PCAOB) proposed sweeping amendments to its auditing standards. James Nelson started the firm in the city in 1923. KPMG to move out of 1601 Market St.

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Going Concern

NOVEMBER 11, 2022

There’s definitely an accountant shortage out there’: MBAs have become the go-to degree and companies are struggling to hire enough CPAs [ Fortune ]. It’s just a tough subject area, and you need a fifth year of college education to qualify to sit for the CPA exam. Hopefully some of you got the day off.

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audit auditor Louisiana cpas 88

Going Concern

MAY 26, 2023

Audit Bitcoin Miner Riot Dumps Auditor for ‘Big Four’ Accounting Firm [ Blockworks ] Riot Platforms is looking to switch accounting firms as the landscape for crypto company auditors remains in flux. US banking failures: the role of big auditors in another financial crisis [ The Conversation ] Atul K.

public accounting 88

public accounting Account accountant accounted 88

Going Concern

MAY 15, 2023

Virginia Society of CPAs is tackling the question “ is 150 too many? ” For nearly the past two decades, prospective CPAs in Virginia have had to undertake 150 hours of education before becoming licensed. But a declining CPA pipeline has accountants asking: Is the 150 now a barrier to becoming a CPA?

Account 52

Account accountant accounted cpas 52

Going Concern

FEBRUARY 27, 2023

In an article titled “Interactive Auditor-Client Negotiations: The Effects of the Accumulating Nature and Direction of Audit Differences” a team of researchers further examined what happens during these discussions and how the negotiations can affect the magnitude of audit adjustments made to financial statements.

Technology 103

Technology Account accountant accounted 103

CPA Practice

DECEMBER 1, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss TeamMate Document Linker for External Audit, a solution from Wolters Kluwer designed for CPAs, saving junior auditors time, strengthening audit quality, and improving auditor satisfaction. Use the podcast player below to listen.

Technology 98

Technology auditor audit CPA 98

Going Concern

APRIL 20, 2022

Firms data presented in this report are a mix of statistical projections and descriptive statistics calculated from firm survey responses. I borrow the previous two sentences from AICPA Academic in Residence Jan Taylor, CPA, CGMA, Ph.D Some of the larger of these issues are: Low CPA exam candidate numbers.

Account 52

Account accountant accounted CPA 52

Going Concern

OCTOBER 1, 2022

At trial, Vatican auditor says he was shocked by misuse of funds [ Catholic News Service ]. The Vatican auditor general said he was surprised by the lack of ethical standards demonstrated by officials considering investment opportunities, including a failed London property development deal.

Non-Profits 96

Non-Profits audit auditor public accounting 96

Ryan Lazanis

AUGUST 2, 2023

In this article, you’re going to get a ton of inspiration plus a whole bunch of tips for picking amazing accounting firm names. Table of Contents How to Choose a CPA Firm Name? Choosing an accounting firm name is all about branding and how you want the outside world to perceive you. Let’s get right into it.

accounting firms 52

accounting firms Account accountant accounted 52

CPA Practice

JULY 27, 2023

As an example of the ChatGPT response to “What are the most time-consuming items in a CPA Firm,” ChatGPT suggested the following (completely unedited): Accounting or Certified Public Accountant (CPA) firms often have to manage numerous tasks, some of which can be quite time-consuming.

Technology 98

Technology audit Education accounting and finance 98

Going Concern

MARCH 1, 2024

For many 22- to 27-year-olds, known as Generation Z, their average student debt of more than $20,000 and the lure of higher-paying Wall Street and Silicon Valley firms means the time and effort required to become a CPA doesn’t pencil out. The need for business model transformation in accounting firms.

audit 107

audit Nebraska auditor chartered accountant 107

Going Concern

MARCH 17, 2023

Restoring Exam credits expired during COVID would help address CPA shortage [ AICPA ] The accounting profession is confronted with a talent shortage, and reinstating CPA exam credits that have expired since January 1, 2020, could have an immediate impact on our CPA pipeline.

Government 81

Government Gambling audit CPA 81

CPA Practice

FEBRUARY 6, 2024

AICPA Shares Plan to Strengthen Accounting Pipeline According to the American Institute of CPAs ‘ 2023 Trends Report, bachelor’s degree completions in accounting dropped 7.8% Meanwhile, 60% of firms surveyed reported that they expected to have the same or higher number of CPAs on staff in 2023 compared to 2022.

cpas 59

cpas CPA accounting careers Education 59

Going Concern

JANUARY 26, 2024

Long Read Corporate Self-Oversight [ The American Prospect ] Four auditing firms examine the books of nearly every big U.S. AI Is your firm keeping pace? How AI is transforming audit [ Thomson Reuters ] In the past, auditors have heavily relied on manual processes to uncover risks in financial statements and business operations.

Account 118

Account accountant accounted audit 118